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Press July 16, 2015

Spider spins its web into Edgewater with condo tower

Units will range from 955 square feet to 3,925 square feet

After submitting plans to the city of Miami, Spider Ventures developers Andres Goldenberg and Alejandro Eskenazi will soon launch their Edgewater condominium tower to the public, The Real Deal has learned. 

Spark, a planned 27-story tower designed by Behar & Font, will feature 56 units at 522 Northeast 34th Street.

The developers purchased the three properties at 522, 526 and 530 Northeast 34th Street in January and February of 2014 for a combined $3.55 million, according to Miami-Dade County property records.

Spider’s goal is to improve their residents’ quality of life, Goldenberg, who is chairman of the company, told TRD. Spark will feature amenities that cater to the arts, sports, music, entertainment and health.

“Edgewater is one of the best areas in Miami, with its proximity to culture, shopping and tourism,” Goldenberg said. “We’re targeting the people who want to live there: Latin Americans, New Yorkers, Brazilians.”

Condos will range from about 955 square feet to about 1,800 square feet, with two three-story penthouses. Penthouses will range from 3,895 square feet to 3,925 square feet, with additional balconies and rooftop terraces. All units will include a balcony.

The “all-in-one real estate solutions” company is made up of three autonomous entities: developer, brokerage and services, the latter of which includes accounting, legal and financial. Goldenberg and Eskenazi, who leads the board of directors and operations, have invested in the company and also have South American backers.

Spider also assembles properties for resale or for development. The company acquired 22,000 square feet on Harding Avenue in Miami Beach’s North Beach neighborhood earlier this month for $5 million.

“North Beach is an area that we are convinced will change,” Goldenberg said. While they have yet to release plans for the site, they said they will consider boutique condos or a boutique hotel.

For now, the company is looking to acquire more properties in Edgewater and Miami Beach, and is open to bringing in more investors.

Source: By Katherine Kallergis | www.therealdeal.com




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